$1,020,000
$1,100,000
7.3%For more information regarding the value of a property, please contact us for a free consultation.
7,400 SqFt
SOLD DATE : 09/29/2023
Key Details
Sold Price $1,020,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,400 sqft
Price per Sqft $137
Subdivision Acreage & Unrec
MLS Listing ID T3455948
Sold Date 09/29/23
Construction Status Inspections
HOA Y/N No
Originating Board Stellar MLS
Year Built 1958
Annual Tax Amount $5,701
Lot Size 2.330 Acres
Acres 2.33
Property Description
Investment Opportunity! Take advantage of this incredible portfolio of 8 rental units located in Dade City, Florida. With a listing price of $1.1 million, this investment promises an impressive cap rate of 10.1%.All units are currently leased. Don't miss out on this chance to secure a lucrative real estate investment!
Multiple Units: This portfolio comprises a collection of diverse rental properties, offering various units with different layouts and sizes. From cozy apartments to spacious Mobile homes, this investment offers a wide range of housing options to cater to different tenant needs.
Prime Location: Situated in the heart of Dade City, this portfolio benefits from its strategic location within close proximity to essential amenities, shopping centers, restaurants, parks, and schools. The properties' convenient location ensures high demand from potential tenants, making it an ideal investment opportunity.
Strong Cash Flow: With a cap rate of 10.1%, this rental property portfolio presents a fantastic opportunity for consistent cash flow and a solid return on investment. The attractive cap rate showcases the potential profitability of this investment.
Well-Maintained Properties: Each property in this portfolio has been meticulously maintained and regularly updated to ensure tenant satisfaction and reduce maintenance costs. Well-kept properties contribute to tenant retention, minimizing vacancies and maximizing your investment returns.
Experienced Property Management: For your convenience, these properties are currently managed by a professional property management company. Their expertise in handling tenant screening, rent collection, property maintenance, and more ensures a smooth and hassle-free rental operation.
Rental rolls available upon request.
Location
State FL
County Pasco
Community Acreage & Unrec
Zoning AC
Interior
Cooling Central Air
Building
Entry Level One
Foundation Block
Lot Size Range 2 to less than 5
Structure Type Block
New Construction false
Construction Status Inspections
Others
Ownership Other
Special Listing Condition None
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Bought with PREFERRED SHORE